NOT LISTED FOR SALE

Estimated Value: $1,029,000 - $1,325,000

2 Beds
3 Baths
1,689 Sq Ft
$949/mo HOA Fee

Last Sold October 31, 2023

Last sale price $1,200,000 $710 Per Sq Ft

Current estimated payment $8,732/month

7 Days on Market

Highlights

  • In Ground Pool
  • 4-minute walk to Pico Station
  • 0.95 Acre Lot
  • Primary Bedroom Suite
  • City Lights View
  • 4-minute walk to South Park Commons

About This Home

As of October 2023

Experience the DTLA skyline through this exceptional corner unit at LUMA, situated in the coveted South Park district. City energy and community focus intersect beautifully here. Mornings and sunsets are enviable from your terrace, where your views are protected in this desirable North West facing location. Possessing the most ideal floor plan, this bright freshly painted unit conceals both bedrooms on opposing ends maximizing the open layout. Two and a half baths, a walk-in closet and tremendous center kitchen island round out the space. At South Park, living here means you are part of a community, where residents and safety are priority. A community protected by the South Park BID, providing weekly social events, on demand security escorts, cleaning and beautification. There are talks of converting Grand Ave and 11th Street into a complete waking district in the future. Among the plethora of food spots, nightlife, and famed Crypto Arena, Level 8 has emerged as a world class lounging and dining destination. Truly the best of both urban and community living. Don’t miss this rare gem in Downtown LA with so much to enjoy and experience beyond with future development projects on the horizon.

Achieving luxury and top tier eco-build, the LUMA building is LEED Gold-certified, passing on low energy costs to the homeowner. Two (2) parking spaces with EV hookups are ready to go. Amenities include wonderful concierge and front desk service with 24/7 security, a tranquil pool and jacuzzi, BBQ grill area and gym. Utilities are covered by the HOA with the exception of electricity.

Last Agent to Sell the Property

Yumi Kim

Real Brokerage Technologies, Inc License #01987116 Listed on: 10/03/2023

Real Brokerage Technologies, Inc

Co-Listed By

Ray Kim

Real Brokerage Technologies, Inc License #01803155

Last Buyer's Agent

Thomas Lee

Prime Properties & Associates License #01297873

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,391

Year Built

  • Built in 2007

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $949 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,689 Sq Ft Home
  • 1-Story Property
  • Formal Entry
  • Living Room
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Additional Features

  • In Ground Pool
  • Urban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 60746
  • Assessor Parcel Number 5139005085

Community Details

Overview

  • 236 Units
  • Luma Association, Phone Number (800) 400-2284
  • Action Property Management HOA

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,391

Year Built

Built in 2007

Lot Details

0

HOA Fees

$949 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAR5
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5139005085
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1689.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall, End Unit
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 710.48
  • Room Type: Formal Entry, Kitchen, Laundry, Living Room, Primary Suite, Two Primaries, Walk-In Closet

Exterior Features

  • View: City Lights
  • Pool Features: Community, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 948.87
  • Association Fee Frequency: Monthly
  • Association Name: Luma
  • Phone: (800) 400-2284
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Urban
  • Association Management: Action Property Management

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 41205.00
  • Lot Size Acres: 0.9459

Multi Family

  • Lease Considered: No
  • Lot Size Area: 41205.0000 Square Feet
  • Number Of Units In Community: 236
  • Number Of Units Total: 236

Tax Info

  • Tax Census Tract: 2079.02
  • Tax Lot: 2
  • Tax Tract Number: 60746

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2023
Closed on
Oct 11, 2023
Sold by
Leung-Ramos Family Living Trust
Bought by
Kim Kevin Kiyol and Moon Youn Jin
Seller's Agent
Yumi Kim
Real Brokerage Technologies, Inc
Buyer's Agent
Thomas Lee
Prime Properties & Associates
List Price
$1,225,000
Sold Price
$1,200,000
Premium/Discount to List
-$25,000
-2.04%
Total Days on Market
7
Views
109
Current Estimated Value
$1,195,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,705
Avg. Annual Appreciation
-0.21%
Original Mortgage
$900,000
Outstanding Balance
$884,120
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$311,175

Purchase Details

Closed on
Aug 15, 2017
Sold by
Lorton William Frederick
Bought by
Leung Tsz Kin Ken and Ramos Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2013
Sold by
Lorton William Frederick
Bought by
Lorton William Frederick and Lorton Amy Arthun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$769,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2007
Sold by
South Park Phase Ii Llc
Bought by
Lorton William Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,656
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kim Kevin Kiyol $1,200,000 Monarch Title
Leung Tsz Kin Ken $1,180,000 Fidelity National Title Co
Lorton William Frederick -- None Available
Lorton William Frederick $944,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Kevin Kiyol $900,000
Previous Owner Leung Tsz Kin Ken $822,375
Previous Owner Leung Tsz Kin Ken $885,000
Previous Owner Lorton William Frederick $758,000
Previous Owner Lorton William Frederick $769,000
Previous Owner Lorton William Frederick $141,656
Previous Owner Lorton William Frederick $708,278
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $1,200,000 -2.0% $710 / Sq Ft
10/03/2023 10/03/23 For Sale $1,225,000 -- $725 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,391 $1,224,000 $102,000 $1,122,000
2024 $15,391 $1,200,000 $100,000 $1,100,000
2023 $16,436 $1,290,500 $656,187 $634,313
2022 $15,664 $1,265,197 $643,321 $621,876
2021 $15,335 $1,240,390 $630,707 $609,683
2019 $14,863 $1,203,600 $612,000 $591,600
2018 $14,817 $1,180,000 $600,000 $580,000
2016 $13,302 $1,068,388 $267,095 $801,293
2015 $13,111 $1,052,340 $263,083 $789,257
2014 $12,579 $987,000 $125,500 $861,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23184032

California Regional Multiple Listing Service (CRMLS)

APN: 5139-005-085